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fiscal cliff fiscal cliff fiscal cliff if you completely fell off the mainstream news clip this week here's what you might have missed can you hear me now no more reindeer games in washington president obama and house speaker john boehner finally on speaking terms but the question is are they speaking each other's language when it comes to the fiscal cliff falling off the fiscal cliff into freefall is there a soft landing or not would it be the end of the world if washington failed to reach a deal to stop the more than half a billion dollars in spending cuts and tax increases from going into effect my next guest says the fiscal cliff is simply y2k fair all over again which amounted to nothing as i recall i agree we're not going to go over the cliff will hug him you know new year's eve he will be out of the work. so basically lots of speculation and very little substance but i can't say i'm not surprised particular day when i look at the recent rhetoric from this do nothing congress take us for example armed services committee just describe the looming defense cuts as quote an unaccep
fiscal cliff fiscal cliff fiscal cliff if you completely fell off the mainstream news clip this week here's what you might have missed can you hear me now no more reindeer games in washington president obama and house speaker john boehner finally on speaking terms but the question is are they speaking each other's language when it comes to the fiscal cliff falling off the fiscal cliff into freefall is there a soft landing or not would it be the end of the world if washington failed to reach a...
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Dec 6, 2012
12/12
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. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> but why doesn't the market care? let's find out right now. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here are tonight's top three trades. solving the apple mystery. want to know what's behind apple's troubles this week? we here at "fast" have gotten to the bottom of the selloff. we'll tell you what it means. plus, freeport fizzles. the fine print on why the company's two big buys are raising big red flags. >>> and nat gas revolution, the government says exporting nat gas could be a game changer for america's economy, but at what cost? we'll take a deeper dive to find some answers. but first, our top story tonight. >>> everyone cares about the fiscal cliff, except, seemingly, the markets. just 25 days until the year end deadline and still no deal out of washington. still stocks quietly climb higher. the dow closing today at a one-month high. what gives? just an assumption that a deal -- >> it almost gets back to that you never short. we're all waiting for some type of closu
. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> but why doesn't the market care? let's find out right now. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here are tonight's top three trades. solving the apple mystery. want to know what's behind apple's troubles this week? we here at "fast" have gotten to the bottom of the selloff. we'll tell you what it means. plus, freeport fizzles....
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Dec 5, 2012
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part of the so-called fiscal cliff. former chairman of the joint chiefs of staff, mike mike mullen, was joined at how services committee. this is a less than an hour. >> good afternoon. thank you for coming. my name is peter peterson. i would like to give you a review of why we are supporting this project today. starting about 30 years ago, after studying the profound demographic trends, on the vast and unfunded promise we have made. i have decided was not unsustainable, but a primary threat to the future. speaking of unsustainable, in the nixon white house in which i served, the chairman of the council, if something is unsustainable, he says it continues to stop. or if you don't like that, if your worst eyes, i suggest that you does not dismount. in lieu of that retirement, i decided to set up the foundation to increase awareness of long-term debts and get solutions. never in my experience have these things are more closely linked, in the words of mike mullen. we are endlessly reminded that everything must be on the ta
part of the so-called fiscal cliff. former chairman of the joint chiefs of staff, mike mike mullen, was joined at how services committee. this is a less than an hour. >> good afternoon. thank you for coming. my name is peter peterson. i would like to give you a review of why we are supporting this project today. starting about 30 years ago, after studying the profound demographic trends, on the vast and unfunded promise we have made. i have decided was not unsustainable, but a primary...
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Dec 4, 2012
12/12
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fiscal cliff buoyant because the fiscal cliff buoyant because the fiscal cliff is not that big of an issue. maybe that's why the averages once again refuse to drop dramatically, the dow falling 60 points. despite the obvious impasse i saw firsthand when i appeared on "meet the press" with david gregory this weekend, i know i've been interpreting the market's relative success through a difficult period. success is defined by no huge hammering like we had during the debt ceiling crisis as a sign that either perhaps people didn't understand what awaits them -- no no! or that there might be a deal on the horizon to avoid the fiscal cliff, the fact that the republicans put out an offer, like their old offer before the president won re-election, it does feel like the two sides are talking, but they appear to be talking past each other. the clock is really ticking in washington. ticking against a deal. i think the two sides seem to hate each other more than ever. i don't now, it seems like the last 72 hours i was hoping it was going to get better and it seems like it got worse. i spent a to
fiscal cliff buoyant because the fiscal cliff buoyant because the fiscal cliff is not that big of an issue. maybe that's why the averages once again refuse to drop dramatically, the dow falling 60 points. despite the obvious impasse i saw firsthand when i appeared on "meet the press" with david gregory this weekend, i know i've been interpreting the market's relative success through a difficult period. success is defined by no huge hammering like we had during the debt ceiling crisis...
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Dec 4, 2012
12/12
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everybody in washington is talking about the fiscal cliff. the so-called fiscal cliff. they're not talking to each other at the moment. that is what the conversation is going to get to, how do we avoid going over the so-called fiscal cliff? you suggested that the fiscal cliff might be good. i got a chance to go through your book. i understand, i think, why you might feel that way. the book argues that we need disorder to develop. we need disorder in our world to develop. we will come back to the book in a moment. based upon the motion -- that notion, why might the fiscal cliff be a good thing? >> we have been stuck for four years in a state of complacency. nobody wants to do anything about the accumulating problems. everybody knows about the problems. i think the civilization is masking deeper problems. if you let markets give you information, they will give the information. other than artificially prop up everything, like having the federal reserve control prices. this is not a long-term sustainable situation. what i think should happen is -- you would rather fail earl
everybody in washington is talking about the fiscal cliff. the so-called fiscal cliff. they're not talking to each other at the moment. that is what the conversation is going to get to, how do we avoid going over the so-called fiscal cliff? you suggested that the fiscal cliff might be good. i got a chance to go through your book. i understand, i think, why you might feel that way. the book argues that we need disorder to develop. we need disorder in our world to develop. we will come back to...
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Dec 5, 2012
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there are several parts to this fiscal cliff. the biggest one is that the bush-era tax cuts are expiring on 100% of the people, and if they expire, it means people will have to pay more in taxes at a time when we don't want them to have to struggle. we want them to have disposable income because it's good for their families and it's good for the economy, it's good for business, it's good for economic growth. the bush-era tax cuts are expiring on december 31. why don't we find the common ground, get rid of that issue, get those tax cuts to the 98% of the middle class that need them and fight about the millionaires and the billionaires later? they are okay. they are just fine. and if we were to do that, that simple step -- and that means passing our bill that we passed on july 25. we did it. it's done. we don't have to worry about -- we did our job over here. we got the votes. pick it up and pass it over there. now, i understand that democratic leader pelosi has done something very interesting. she has taken this bill, the same exa
there are several parts to this fiscal cliff. the biggest one is that the bush-era tax cuts are expiring on 100% of the people, and if they expire, it means people will have to pay more in taxes at a time when we don't want them to have to struggle. we want them to have disposable income because it's good for their families and it's good for the economy, it's good for business, it's good for economic growth. the bush-era tax cuts are expiring on december 31. why don't we find the common ground,...
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Nov 29, 2012
11/12
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on this show we prefer to call it the fiscal cliff or the austerity bomb. either way the country is just 34 days away from the mix of hundreds of billions of dollars with expireing tax cuts. the president called on voters though pressure congress for a deal that would freeze taxes for 911%98% of for american families. >> call members of congress, write them, e-mail, post it on their facebook wall. tweet it by using the hash tag "my 2 k." >> if the latest "washington post" "abc news" poll is correct, the 06% 60% said they supported, and oklahoma congressman tom cole told politico last night, i quote i think we ought to take the 98% deal right now. it doesn't mean that i agree with raising the top two i don't. but house speaker john boehner disagreed with that call. >> i told him that i disagreed with him. >> eliot: he seemed more interesting in attacking the president than finding common ground. >> as the speaker said we have done our part. we have pup revenue on the table. we have not seen any good faith effort on the part of this administration to talk abo
on this show we prefer to call it the fiscal cliff or the austerity bomb. either way the country is just 34 days away from the mix of hundreds of billions of dollars with expireing tax cuts. the president called on voters though pressure congress for a deal that would freeze taxes for 911%98% of for american families. >> call members of congress, write them, e-mail, post it on their facebook wall. tweet it by using the hash tag "my 2 k." >> if the latest "washington...
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Nov 30, 2012
11/12
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the reason for that is really clear: a lot of it has to do with the fiscal cliff. > the fiscal cliff. you asked some questions about that. what were the findings there? > > we really asked about how much is the fiscal cliff impacting you in terms of whether you are going to hire or not. what we found is that 60% of folks said they are going to hold off on bonuses for wait and see what happens with the fiscal cliff before they make some decisions around that. we saw almost 40% of small businesses saying, "if we even thought about hiring, we are going to wait until we get some kind of resolution around the fiscal cliff. and most concerning to me, 60%+ of small businesses don't believe the government can figure out how to solve this fiscal cliff. > c'mon congress and president. all right, michael alter. i'm going to see you in a month. let's see if some things are improving. i appreciate it. > > i can only hope. thanks for having me. just ahead, are banking stocks ready to short circuit? a couple of traders charge in with their views after the break. >-.y÷$@y+o3vhpe the time has come fo
the reason for that is really clear: a lot of it has to do with the fiscal cliff. > the fiscal cliff. you asked some questions about that. what were the findings there? > > we really asked about how much is the fiscal cliff impacting you in terms of whether you are going to hire or not. what we found is that 60% of folks said they are going to hold off on bonuses for wait and see what happens with the fiscal cliff before they make some decisions around that. we saw almost 40% of small...
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Dec 1, 2012
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you have washington elite chanting fiscal cliff, fiscal cliff, hoping to convince republicans to do something stupid because the alternative would be going off the fiscal cliff. it is and of people, the very people trying to bully us now. all you have to say is let's break it into 12, 15 foothills, no cliffs. now one by one, solve each of the smaller problem we get to some solutions. you don't have to panic over this i want to confess something. what i outlined for you, i copied from tip o'neil. when he was faced with ronald reagan in 1981, he knew he couldn't beat him in head-to-head negotiating but thought he could preserve the democratic party and welfare state in a long battle of attrition. o'neil who had a ran senate, republican president, used the power of house over and over again to slow the momentum. i think republicans got to understand they are not going to get any good deal from barack obama. he has contempt for them. he shows that on a regular basis. he's a hard-line left winger. they've got to think through the american people have chosen him he's going to be our presi
you have washington elite chanting fiscal cliff, fiscal cliff, hoping to convince republicans to do something stupid because the alternative would be going off the fiscal cliff. it is and of people, the very people trying to bully us now. all you have to say is let's break it into 12, 15 foothills, no cliffs. now one by one, solve each of the smaller problem we get to some solutions. you don't have to panic over this i want to confess something. what i outlined for you, i copied from tip...
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Dec 6, 2012
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right now we're talking about the fiscal cliff. well, the fiscal cliff has many components. it may be broken into many different bills that come before this body. would end to get rid of the motion to proceed so we can get those bills to the floor so we can debate them. we need to make sure that if a group say, let's block in bill from the final vote, that think express their views accountably before the public. it's the least that should happen. so the senate is headed out for the weekend. we'll be back next week, and i ask for the american public to weigh in, to think about the fact that this hidden process is hurting our ability to address the biggest issues in america. i ask my colleagues to wrestle with that. and, mr. president, it is my hope that folks will hold those conversations with the public back home. i have done so in every county of my state, through my town halls. i hold one in every county every year. i have raised this issue of whether or not when folks vote for debate they should be required to debate, they should be required to make their case, not to kil
right now we're talking about the fiscal cliff. well, the fiscal cliff has many components. it may be broken into many different bills that come before this body. would end to get rid of the motion to proceed so we can get those bills to the floor so we can debate them. we need to make sure that if a group say, let's block in bill from the final vote, that think express their views accountably before the public. it's the least that should happen. so the senate is headed out for the weekend....
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. >> i'm worried about the fiscal cliff in the same way i'm worried about martians. >> fiscal cliff. >> fiscal whatever it is. >> is this a rerun? >> still no progress as all sides jockey for position. >> i would say we're nowhere. >> speaker john boehner issued a downer offer yesterday. >> the white house quickly dismissed it. >> the speaker's proposal is out of balance. >> it is more of the same. >> it is not me being positive. it is the math. >> magic math. >> magic beans and fairy dust. >> president obama did win the election. >> me thinks somebody made him king. >> no. i don't think that's right. >> he doesn't see where he stands in the universe. >> i would say we're nowhere. >> are we that far apart? >> both sides want a deal. >> a matter of math. >> try to stay away from hypotheticals. >> it won't pass. >> discussions about unicorns. >> unicorns. >> they're imaginary beasts. >> magic beans. >> magic math. >> an enchanted universe. >> outrageous. >> the whole thing is going wacky. >> i would say we're nowhere. >> i don't envy the position the speaker is in. >> we're nowhere. ?
. >> i'm worried about the fiscal cliff in the same way i'm worried about martians. >> fiscal cliff. >> fiscal whatever it is. >> is this a rerun? >> still no progress as all sides jockey for position. >> i would say we're nowhere. >> speaker john boehner issued a downer offer yesterday. >> the white house quickly dismissed it. >> the speaker's proposal is out of balance. >> it is more of the same. >> it is not me being positive....
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Nov 30, 2012
11/12
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. >> eliot: for more on the fiscal cliff negotiations and today's confrontation, let's go to michael tomasky political correspondent. michael, this constitutes high drama by washington standards. any surprise that the president's proposal was outright rejected by speaker boehner? it was an "in your face" proposal to him. >> it was. i'm not surprised. i don't think any of us are surprised it was rejected. i think we're a little surprised, maybe a lot surprised it was put forward in the first place. this is really different. barack obama, this is a really different negotiating posture and position that he is starting from. if we look back to that horrible debt ceiling fiasco from last summer in 2011, i think we all remember how bleak that was that obama started his negotiating position really from a place that met the republicans more than halfway so he was going to be bound to end up meeting them in the final analysis. which is what happened. it was demoralizing. now, after re-election, he has been obviously very embowdenned. he's put forth something -- it is clear they won't accept i
. >> eliot: for more on the fiscal cliff negotiations and today's confrontation, let's go to michael tomasky political correspondent. michael, this constitutes high drama by washington standards. any surprise that the president's proposal was outright rejected by speaker boehner? it was an "in your face" proposal to him. >> it was. i'm not surprised. i don't think any of us are surprised it was rejected. i think we're a little surprised, maybe a lot surprised it was put...
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Dec 1, 2012
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everybody knows about the fiscal cliff. your kids probably know about the fiscal cliff. this is a new moment, which is filled with guys, but that it is also an opportunity, which is if we can't do it now or this member of congress new changes have to be made in may for the ness partner with these changes need to be, but something forces them to do it, and this is the best move that we've had. let's hope we don't go through these political values for they fight it out and we are almost frustrated because they can't cover and the headline the next day after wachovia put together since the u.s. still faces a huge fiscal problem. what we really want to do is put in place a plan big enough to fix the problem and that's going to be what's going to have the upside of the certainty of stability around the corner and importantly finally showing to all of us that this country can govern itself. the whole world is watching right now i'm rooting for us. people want the united states to claim out and fix this problem and the clock is ticking as we wait to see if they'll be able to do
everybody knows about the fiscal cliff. your kids probably know about the fiscal cliff. this is a new moment, which is filled with guys, but that it is also an opportunity, which is if we can't do it now or this member of congress new changes have to be made in may for the ness partner with these changes need to be, but something forces them to do it, and this is the best move that we've had. let's hope we don't go through these political values for they fight it out and we are almost...
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Dec 1, 2012
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cliff, the affordable care act -- you can talk with tom coburn about the fiscal cliff, the affordable care act. join our 3 our conversation with your calls, e-mails, tweets sunday at noon eastern on book tv's in depth on c-span2. >> he worked his way up, went to harvard law school then at the urging of one of his brothers, emigrated to illinois where the lead mine industry was in its heyday. he arrived after about a month's journey by ship, state -- state coach, and train and arrived on this monday mining town -- mudy dy minin town. established a law practice in a log cabin as slowly worked his way up and became a very successful lawyer then got involved politically, ran for congress, served for eight terms. then defended abraham lincoln -- befriended abraham lincoln and ulysses s. grant. as they rised, washburn stayed with them as a close colleague during the civil war. then after grant was elected president, he initially appointed him secretary of state. at that time, washburn became very ill. his family feared for his life. after about 10 days, he submitted his resignation to presi
cliff, the affordable care act -- you can talk with tom coburn about the fiscal cliff, the affordable care act. join our 3 our conversation with your calls, e-mails, tweets sunday at noon eastern on book tv's in depth on c-span2. >> he worked his way up, went to harvard law school then at the urging of one of his brothers, emigrated to illinois where the lead mine industry was in its heyday. he arrived after about a month's journey by ship, state -- state coach, and train and arrived on...
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Dec 1, 2012
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the week center on a big worry. >> this fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> we could actually go off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >> exextremist elements came to the consulate as this was unfolding. >> it didn't work. now their talking points. >> we are significantly troubled. >> i want to say that i'm more troubled today. >> democrats shot back. >> they are not only blaming her for this intelligence report, they are trying to blame her for the actual tragic event. >> i've seen so much crazy stuff in this house could i write a book. >> or make an internet video. >> not be a true god-fearing person and be on a television show like that. >> that's actor angus t. jones, the "two and a half men" star caught slamming his own tv show. >> if you watch "two and a half men," please don't watch "two a
the week center on a big worry. >> this fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> we could actually go off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >>...
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but maybe we get through the fiscal cliff, but then another fiscal cliff comes, that's the whole point of this. >> in fact, and there was a proposal this week to try it get rid of the fiscal cliffs and no longer give congress full power to extend the debt. but i think, i'll tell you what, i'm kind of curious to see the other guys, i think we're going over the fiscal cliff because i think that congress would much rather have us go over the fiscal cliff and then vote to lower taxes and increase spending and they can't bare to raise taxes and reduce spending and that's where we'll end up in three months and have a vote to lower taxes and increase spending. >> jonas what does it do in the short-term, i know you're talking long-term. but short. >> they'recaring everybody about this, like we've got to keep pushing on or the world is going to end and it's not as bad a the politicians are pretending it is even. look, it's not a gd thing, but psyched into a level and it will be worse than the rea ffect of having the tax increase on the government level and that's the danger, using it as a tool
but maybe we get through the fiscal cliff, but then another fiscal cliff comes, that's the whole point of this. >> in fact, and there was a proposal this week to try it get rid of the fiscal cliffs and no longer give congress full power to extend the debt. but i think, i'll tell you what, i'm kind of curious to see the other guys, i think we're going over the fiscal cliff because i think that congress would much rather have us go over the fiscal cliff and then vote to lower taxes and...
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Nov 30, 2012
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falls off the fiscal cliff. if the cliff is averted... >> then i think you will see silver, platinum, palladium-- the so-called white metals-- outperform gold, because they will tend to outperform in a risk-on environment in a cyclical upturn. >> reporter: now, the other scenario: >> in an environment where we go off the fiscal cliff and we see continued problems on the debt side for the u.s., i think the gold price outperforms the white metals. >> reporter: gold's price will also depend on whether central banks continue to diversify their holdings into gold, and whether they implement more quantitative easing to boost growth. the outlook for platinum is a little more complicated. there have been major supply disruptions due to labor unrest in south africa, which produces nearly all of the world's platinum. it also depends on demand. >> europe is a key part of the platinum demand picture. if europe can recover, certainly that's going to bode well for platinum demand. if the price trades higher, it may affect som
falls off the fiscal cliff. if the cliff is averted... >> then i think you will see silver, platinum, palladium-- the so-called white metals-- outperform gold, because they will tend to outperform in a risk-on environment in a cyclical upturn. >> reporter: now, the other scenario: >> in an environment where we go off the fiscal cliff and we see continued problems on the debt side for the u.s., i think the gold price outperforms the white metals. >> reporter: gold's price...
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whether we are going to go off of the fiscal cliff. a lot are saying hell, let's go over the fiscal cliff and show the american people who is responsible. >> unfortunately, democrats tend to be the responsible party in terms of actually wanting to governor. it's no surprise that when republicans are in power, government doesn't function well. >> they hate it. >> why would you make something operate well that you don't like? we have to remember why we are here. this is the piece of the story that is forgotten over and over again. the fiscal cliff is a creation of the republican party. had it not been for a republican party that was unwilling to grant this president an extension on the debt ceiling -- >> which every other president has been able to get in a bi-partisan fashion. >> absolutely. then we wouldn't be here right now. we would not be on the edge of the cliff. it's a precarious thing to negotiate around when you consider we might get thrown into a recession if we do go over it. but the more i watch the right, it the more it look
whether we are going to go off of the fiscal cliff. a lot are saying hell, let's go over the fiscal cliff and show the american people who is responsible. >> unfortunately, democrats tend to be the responsible party in terms of actually wanting to governor. it's no surprise that when republicans are in power, government doesn't function well. >> they hate it. >> why would you make something operate well that you don't like? we have to remember why we are here. this is the...
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fiscal cliff even with the fiscal cliff. dave: you and i agree with it will take to get the economy growing stronger because we are like-minded with that. you don't like the economic policies the president is proposing. dozen there come a time when those economic policies to stifle the economy and strip it up? >> absolutely. when we look back in history 1970s had big growth in government and when you have big spending like we do today you get weaker growth. france for 40 years has grown numb to% real gdp and 8% unemployment. they think it is normal. the good news is america doesn't think it is normal and you have to keep pounding the table that this isn't normal. it is not good. so do i. the only way to get back up to good growth is to cut the size of the government. i still believe we have eight to ten years even on the crazy course we are on right now before we are anything like one of these european countries. this is still an amazingly powerful entrepreneurial place. i am betting on the entrepreneur and even though the g
fiscal cliff even with the fiscal cliff. dave: you and i agree with it will take to get the economy growing stronger because we are like-minded with that. you don't like the economic policies the president is proposing. dozen there come a time when those economic policies to stifle the economy and strip it up? >> absolutely. when we look back in history 1970s had big growth in government and when you have big spending like we do today you get weaker growth. france for 40 years has grown...
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Dec 5, 2012
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speaker, this so-called fiscal cliff. it's not a fiscal cliff. the truth is we have a tax decision coming up and we have a spending decision coming up. truthfully, we need more spending decisions coming up. sequester is a new word that we brought up. the sequester, as you recall, mr. speaker, was the hammer that we put in place way back, one of the first big votes you and i took way back in august of 2011. that was part of an agreement that the president wanted to raise the debt ceiling. there were bills that needed to be paid. the speaker of the house, john boehner, said we're not going to expand america's credit card until we get serious about curbing spending. he said, no, mr. president, i will not raise the limit on america's credit card unless you agree to dollar-for-dollar reductions on the spending side of the ledger so that we're not just making the problem worse, we're creating a pathway to solve the problem altogether. i admire the speaker for that. and the speaker and the president agreed on this proposal. it was called the budget cont
speaker, this so-called fiscal cliff. it's not a fiscal cliff. the truth is we have a tax decision coming up and we have a spending decision coming up. truthfully, we need more spending decisions coming up. sequester is a new word that we brought up. the sequester, as you recall, mr. speaker, was the hammer that we put in place way back, one of the first big votes you and i took way back in august of 2011. that was part of an agreement that the president wanted to raise the debt ceiling. there...
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Nov 29, 2012
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ben, what is your fiscal cliff strategy? what do you want to do with your money in the economy does go off the fiscal cliff? >> yeah, we were worried about that back in september, october. so even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. didn't just put it into cash. we put it into three areas we think are still good long term. one is we talk about emerging market equities, but i like emerging market debt. these monetary authorities are done tightening. they fought the inflationary problem that they had successfully. they're in hoed. yield curves could shift down. we stress doing it in local currency. the other areas are u.s. high yield, which i still think is valuable. we do think spreads will contract and emerging market equities as well. >> jordan, what about you? how are you preparing for what could be an eventuality where we go over the cliff and we've got to deal with higher taxes and a slower economy? a lot of people expecting reces
ben, what is your fiscal cliff strategy? what do you want to do with your money in the economy does go off the fiscal cliff? >> yeah, we were worried about that back in september, october. so even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. didn't just put it into cash. we put it into three areas we think are still good long term. one is we talk about emerging market equities, but i like emerging market...
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Dec 6, 2012
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and we have this thing that "fiscal cliff," that so-called "fiscal cliff" "fiscal cliff" that we're sick of. how is that going to impact the whole job situation? >> reporter: you know, for a while it looks like it wasn't going to but in recent surveys we see that businesses are putting off investing and hiring until congress and the president finish their wrangling. i think the reason is pretty clear. uncertainty over taxes and the impact of scheduled government cuts on the economy is really making it hard for companies to plan. so instead, they are keeping their spending in a wait-and- see mode and again, that's going to persist until we get resolution. for more on the jobs report preview, go to moneywatch.com where we warn that things could get ugly in the labor market before they turn around. >> okay. jill schlesinger, editor at large for cbsmoneywatch.com, thank you. >>> i'm going to have to separate my coanchor and our weather guy because we have a quasi denver bronco fan here, she grew up there. we'll let her have that. quasi. and a huge raider fan. >> and they play tonight. huge r
and we have this thing that "fiscal cliff," that so-called "fiscal cliff" "fiscal cliff" that we're sick of. how is that going to impact the whole job situation? >> reporter: you know, for a while it looks like it wasn't going to but in recent surveys we see that businesses are putting off investing and hiring until congress and the president finish their wrangling. i think the reason is pretty clear. uncertainty over taxes and the impact of scheduled...
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Nov 29, 2012
11/12
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we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would contend that the market has probably already factored most of that in. when you can buy a number of stocks -- in the hodges small cap fund, we have a number of stocks trading below their growth rate. that's telling you that the market is not expecting good growth. when you can buy stocks that are growing at 20% a year at ten times earnings, that's a good valuation. there are a number of those situations there that we're seeing left and right. >> got to go, guys. >> okay. >> sorry, jeff. you know how that works. you guys on the website, you get unlimited amount of space. just go on. >> tell me editor. >> i know. >> thanks, guys. see you soon. let's get over to jackie deangelis with a quick market flash. >> hey, there. watching shares of super value tanking on a headline that talks have stalled. reportedly struggling to get financing for a s
we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would contend that the market has probably already factored most of that in. when you can buy a number of stocks -- in the hodges small cap fund, we have a number of stocks trading below their growth rate. that's telling you that the market is not expecting good growth. when you can buy...
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economists blame everything from sandy to worries over the fiscal i cliff. >> reporter: the fiscal cliff is still three weeks ago the economy may have already taken a hit economists predict the jobs report will show employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason, worry over the fiscal cliff may have also had an impact. some estimate at least 200,000 fewer jobs have been created this year, due to urn certainty about the fiscal cliff. -- >> reporter: >> the president: it is important we get this done now. >> reporter: in washington republicans and democrats are talking, no breakthrough locked in a stalemate. president obama demanding higher tax rates for the wealthy and permanent extension of the debt ceiling be part of a deal. >> he showed what is he is after is assuming unprecedented power without limit. >> reporter: republicans say they will only raise tax revenue in exchange for deep spending cuts. if washington can't strike a deal one casualty would be the end of compensation for long term unemployed, people like melinda worried. >>
economists blame everything from sandy to worries over the fiscal i cliff. >> reporter: the fiscal cliff is still three weeks ago the economy may have already taken a hit economists predict the jobs report will show employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason, worry over the fiscal cliff may have also had an impact. some estimate at least 200,000 fewer jobs have been created this year, due to urn certainty about the fiscal cliff. --...
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if we got the fiscal cliff. gerri: with the defense cuts come if we do over the cliff, it will cost $100 million or over that? >> 137 million. gerri: would this put you into the red? >> it certainly could. we are still looking at obama's health care plan and what it will do to the state budget. the federal strings are tied. i asked the president about this. the federal funds that come down to the state as you may cuts -- we can still have the strength attached to it. it doesn't give leeway to meet your unique circumstances in our state. we are all different. different budgets, different employment rates, different constitutions, different laws. different styles of living and means within our budget. give us some flexibility. gerri: i expect you to be a little bit more upbeat about the fiscal cliff, but i have to tell you, you sound like a lot of people in washington today. concerns over whether these leaders can get together and find common ground and resolve this issue. it would be meaningful to stay like yours
if we got the fiscal cliff. gerri: with the defense cuts come if we do over the cliff, it will cost $100 million or over that? >> 137 million. gerri: would this put you into the red? >> it certainly could. we are still looking at obama's health care plan and what it will do to the state budget. the federal strings are tied. i asked the president about this. the federal funds that come down to the state as you may cuts -- we can still have the strength attached to it. it doesn't give...
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Dec 5, 2012
12/12
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unlike the rest of the fiscal cliff, which affects tax rates that will play next year, the patch applies to the return that we will all have to file early next year. so if there is not congressional action here, there is an abrupt increase in tax on the 2012 taxable year in 20 of 11 approximately 4 million people paid the amt. if there's not a patch, 30 million people will be required to pay the amt in 2012 for the current taxable year and they will pay an additional $90 billion in tax. very few of them have any idea. >> host: is the irs prepared? >> guest: the irs took a fairly unusual -- but i think correct position. they took the position that congress will do the responsible name. so they did their tax program for next year, for the 2012 return, assuming congress would enact the patch before the end. i think that was a reasonable thing to do because i believe they will do that. however, it does mean if there is not a patch, the tax return idling season next year would be quite chaotic. >> host: john buckley is our guest and we talk about the alternative minimum tax as part of the ove
unlike the rest of the fiscal cliff, which affects tax rates that will play next year, the patch applies to the return that we will all have to file early next year. so if there is not congressional action here, there is an abrupt increase in tax on the 2012 taxable year in 20 of 11 approximately 4 million people paid the amt. if there's not a patch, 30 million people will be required to pay the amt in 2012 for the current taxable year and they will pay an additional $90 billion in tax. very...
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Dec 7, 2012
12/12
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the fiscal cliff issue. i want to show you a bit this morning of president obama in an interview with the bloomberg tv on tuesday talking about where he is in the debate. [video clip] >> i did not expect republicans to agree to any plan where they are betting that the entitlement reform will happen. we will have to have specific downpayments now recognizing we will have to continue to work to see if we can come up with better ideas to reduce health- care costs over the long term. that is the framework we are operating on. within that framework, i am happy to be flexible. i recognize i will not get 100%. i will not agree to a plan a in which we have some revenue that is vague and potentially comes out of the pockets of middle- class families in exchange for some very specific entitlement cuts that would affect seniors or other folks who are vulnerable. host: president obama with the bloomberg tv. next up, sarah on the republican line. caller: i think president obama is blackmailing the congress. he thinks sin
the fiscal cliff issue. i want to show you a bit this morning of president obama in an interview with the bloomberg tv on tuesday talking about where he is in the debate. [video clip] >> i did not expect republicans to agree to any plan where they are betting that the entitlement reform will happen. we will have to have specific downpayments now recognizing we will have to continue to work to see if we can come up with better ideas to reduce health- care costs over the long term. that is...
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Nov 30, 2012
11/12
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CURRENT
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the fiscal cliff is getting close now. it's just a month away. with fears of the tax hike coming, some businesses are scrambling to make a big profit before december 31st. now, obviously holiday shopping will help with that. but many are saying that's just not enough. deal makers and their clients are hustling to sell stocks and even entire companies, all in an effort to get that money in their pockets before the new year. this week, secretary of state hillae clinton is joining in on the conversation, calling it an issue of national security. >> that's because if congress fails to pass a budget deal in the next 31 days we could see dangerous consequences, not only for the u.s. standing in the world but, also for the entire global economy. clinton spoke with the brookins institute yesterday and said while europe does need to fix its own props, much of the -- problems, much of the burden is on washington to build stronger foundationsats home. house speaker boehner said yesterday that he was seeing no progress in negotiations but the democrats, they
the fiscal cliff is getting close now. it's just a month away. with fears of the tax hike coming, some businesses are scrambling to make a big profit before december 31st. now, obviously holiday shopping will help with that. but many are saying that's just not enough. deal makers and their clients are hustling to sell stocks and even entire companies, all in an effort to get that money in their pockets before the new year. this week, secretary of state hillae clinton is joining in on the...
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Dec 4, 2012
12/12
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that was a good solid meeting discussing the fiscal cliff. i think the shared concerns of governors that we address are fiscal challenges in a way that ensures the economy continues to grow and create jobs. with that, i'll take your questions. >> thanks, jay. two questions. in the bloomberg interview, the president was asked whether tax rates on the wealthiest americans have to go to the clean ton levels, 39.6% now. is that a red line? he never answered it directly, a process where rates could go down next year as far as tax reform. you talked with fiscal rates need to go up. what he campaigned on was the 39.6 at the end of the year. is that the case? >> so, let me say this, the president has been absolutely clear, as have i, that rates have to go up on top earners, on millionaires and billionaires, those making over $250,000. the president made that clear all yearlong and clear in the post-election period being engaged in conversations with congress about how to deal with the fiscal cliff, and our long term deficit challenges. we have yet to
that was a good solid meeting discussing the fiscal cliff. i think the shared concerns of governors that we address are fiscal challenges in a way that ensures the economy continues to grow and create jobs. with that, i'll take your questions. >> thanks, jay. two questions. in the bloomberg interview, the president was asked whether tax rates on the wealthiest americans have to go to the clean ton levels, 39.6% now. is that a red line? he never answered it directly, a process where rates...
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Dec 6, 2012
12/12
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a pretty good day enthough there is no sign of any resolution on the fiscal cliff. the dow stands back above 13,000, thank you very much, a gain of almost 83 points in trade yesterday. the nasdaq was off by 23 points and the s&p 500 was up by 2. sales of foreclosed homes rose 21% in the fourth quarter compared to the previous quarter. foreclosed -- foreclosure related sales accounted for 19% of all u.s. residential sales from july through september. foreclosed homes also sold for 32% less than the average price of a home not in foreclosure. it weighs down the price of all homes in the surrounding neighborhoods. >>> citigroup is eliminating 11,000 jobs. its goal is to rouse expenses and improve efficient -- reduce expenses and improve efficiency. it will close some branches. >>> apple stock fell over 6% yesterday. it's down another 2% today after hours trading to make matters worse, the stock now down 22% from its all time high. here's why. a research firm raised its outlook for sales of tablet computers and said apple's ipad probably won't be able to hold on to its
a pretty good day enthough there is no sign of any resolution on the fiscal cliff. the dow stands back above 13,000, thank you very much, a gain of almost 83 points in trade yesterday. the nasdaq was off by 23 points and the s&p 500 was up by 2. sales of foreclosed homes rose 21% in the fourth quarter compared to the previous quarter. foreclosed -- foreclosure related sales accounted for 19% of all u.s. residential sales from july through september. foreclosed homes also sold for 32% less...
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Dec 1, 2012
12/12
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CNBC
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but again only on news of setbacks to the fiscal cliff talks. we're not going to go in and buy anything these days. you'll get some representative congressman, senator come on say you stupid idiot. you bought stock and i'm talking on a microphone. i'm sending the stock market down because there's no progress. we have not one but two huge analyst days next week. only one an opportunity to buy. starbucks is coming to town on wednesday. you better get ready for one terrific show as the one and only howard schultz i believe will tell you that business is smoking in so many places in china to the united states and that tebana will be the next generation starbucks as soon as the merger is completed. the next day yum brands. it's coming to town. that company will have some explaining to do. i will have more on what yums needs to tell us. the sting of the earnings shortfall last night will still be with us no matter how good kentucky fried chicken might taste. also we hear from lulu lem athletics. i got a situation for how to trade this wild stock. wait
but again only on news of setbacks to the fiscal cliff talks. we're not going to go in and buy anything these days. you'll get some representative congressman, senator come on say you stupid idiot. you bought stock and i'm talking on a microphone. i'm sending the stock market down because there's no progress. we have not one but two huge analyst days next week. only one an opportunity to buy. starbucks is coming to town on wednesday. you better get ready for one terrific show as the one and...
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Dec 3, 2012
12/12
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more now on the fiscal cliff. one of the industries with the most at stake in the budget debate is the defense industry. in a meeting today in washington, northrop grumman ceo wes bush with a dire warning. >> it would result in across the board cuts to both defense and nondefense accounts. and the interesting thing about this is the cuts are not tied to any military strategy whatsoever. it is completely disconnected from a perspective of strategy. in essence these would be meat axe taken to our national defense budgets. >> let's go straight to the front lines of the issue. task specializes in systems, engineering and integrate. president and ceo david langstaff is with us, among the defense contractors speaking out today in washington. he joins me now on the telephone. sir, good to have on you the program. thanks for joining us. >> thank you. glad to be with you. >> what's the potential fallout for task if we go over the fiscal cliff. how would you navigate this? >> first, it's just terrible policy to go over the
more now on the fiscal cliff. one of the industries with the most at stake in the budget debate is the defense industry. in a meeting today in washington, northrop grumman ceo wes bush with a dire warning. >> it would result in across the board cuts to both defense and nondefense accounts. and the interesting thing about this is the cuts are not tied to any military strategy whatsoever. it is completely disconnected from a perspective of strategy. in essence these would be meat axe taken...
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Dec 6, 2012
12/12
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congressional leaders continue discussions on the fiscal cliff. we're going to hear, as a matter of fact, from senate democratic leaders. a briefing scheduled for noon eastern, about 20 minutes away. we'll take you there live when it gets under way. this morning part of our week-long and couple of weeks' long conversation on the fiscal cliff, a focus this morning on the expiring tax provisions. host: today we're looking at the issue of tax extenders or tax incentives for business and individuals. and joining us in this discussion is sam goldfarb, who is a tax writer for c.q. roll call. what are tax extenders? >> well, they're temporary tax breaks. that's basically i think the most basic definition and some people are kind of concerned that the entire tax code is turning into one big tax extendser. so where do you really define it? but i think traditionally they're considered to be these pretty small provisions, narrowly targeted at specific types of businesses. some of them do apply to individuals as well. >> so why are they temporary? >> that's a
congressional leaders continue discussions on the fiscal cliff. we're going to hear, as a matter of fact, from senate democratic leaders. a briefing scheduled for noon eastern, about 20 minutes away. we'll take you there live when it gets under way. this morning part of our week-long and couple of weeks' long conversation on the fiscal cliff, a focus this morning on the expiring tax provisions. host: today we're looking at the issue of tax extenders or tax incentives for business and...
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Dec 7, 2012
12/12
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CURRENT
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fiscal cliff negotiations underway here in washington, d.c. continuing and washington state and colorado celebrating the freedom to smoke pot legally. all of that coming up plus yesterday jim demint from south carolina announced he is resigning from the senate to take over as head of the heritage foundation. >> that's good news for the senate. get rid of that whacko tea partyer but bad news for the heritage foundation, which will now have a reputation as the most extreme of all of of our think tanks welt tell you ideal he is leaving and more. current news update, standing buy in los angeles lease a ferguson. hi, lease a. good morning. >> hey, bi. good morning, everyone. we are awaiting the jobs report this morning out in the next and we are expecting to hear 80,000 jobs created last month. >> that's less than half the jobs we saw in october, but economists are saying don't put too much weight on those numbers. the down turn in growth is likely thanks to hurricane sandy making it near impossible to tell whether hiring is getting better or worse
fiscal cliff negotiations underway here in washington, d.c. continuing and washington state and colorado celebrating the freedom to smoke pot legally. all of that coming up plus yesterday jim demint from south carolina announced he is resigning from the senate to take over as head of the heritage foundation. >> that's good news for the senate. get rid of that whacko tea partyer but bad news for the heritage foundation, which will now have a reputation as the most extreme of all of of our...
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Dec 7, 2012
12/12
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fiscal cliff is still three weeks away, but the economy may have already taken a hit. economists predict that the monthly jobs report will show that employers added more than -- less than 100,000 jobs in november. superstorm sandy may be part of the reason, but worry over the fiscal cliff may have also had an impact. economists predict that perhaps 200,000 jobs that you're -- 200,000 fewer jobs were created this year because of worries over the pasqual. republicans and democrats are talking again, but still no breakthrough. president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling be part of a deal. >> he shows what he is really after is assuming unprecedented power to spend taxpayer dollars. >> republicans who said they are open to raising tax revenue said they will only do so in exchange for deep spending cuts. if no deal happens one casualty would be long-term unemployment help. >> christmas would be off the table. >> aides to speaker boehner and president obama met yesterday. >> we are finding out what folks in
fiscal cliff is still three weeks away, but the economy may have already taken a hit. economists predict that the monthly jobs report will show that employers added more than -- less than 100,000 jobs in november. superstorm sandy may be part of the reason, but worry over the fiscal cliff may have also had an impact. economists predict that perhaps 200,000 jobs that you're -- 200,000 fewer jobs were created this year because of worries over the pasqual. republicans and democrats are talking...
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Dec 5, 2012
12/12
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FOXNEWSW
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tell us about fiscal cliff. are you worried about the fiscal cliff? >>guest: you bet your life. people in my district are, small business people if my district are concerned about it. people have to plan not just for the bill of today but the bills and the tax responsibilities they are going to have if tomorrow. i listened to a previous guest, the people, the small business people in my community, 97 per science -- percent to not make $250,000 a year personal salaries so they are not affected by the top 2 percent. having said that, they want people to get back to work. people to have jobs to have incomes to buy from the small business people. blue are small or large you want to know which, how are the laws going to be, what are the tax lie bills going to be, and this congress owes it to the american people to tell them. >>eric: congressman, america has always been about hard working people earning, creating jobs, creating opportunity, passing a better life on to the next generation, to their kids, i don't know, at some point maybe you say it is time to man up, go over the fiscal
tell us about fiscal cliff. are you worried about the fiscal cliff? >>guest: you bet your life. people in my district are, small business people if my district are concerned about it. people have to plan not just for the bill of today but the bills and the tax responsibilities they are going to have if tomorrow. i listened to a previous guest, the people, the small business people in my community, 97 per science -- percent to not make $250,000 a year personal salaries so they are not...
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Nov 30, 2012
11/12
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FBC
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fiscal cliff. and dr. francis collins with the national institutes of health. fiscal cliff. folks including today to liz hy malcolmed the month of november and the red and nasdaq and s&p close slightly higher, consumer discretionary and industrials were this month's top performing sectors, utilities and energy lagged behind. oil posting its second straight day of gains closing the trading day up 1%, $80.91 for a barrel of oil and today's gains in crude up 3% for the month of november as concern over threats to supply due to mideast violence offset ongoing demand worries and personal spending, are you part of this, it sold for the first time in five months dropping 0.2%. the commerce department is a debating that to hurricanes and the lowering wages and salaries by an annual rate of $18.2 billion. dave: we may get a dividend bust in the month of december and discuss all of these issues we have kevin in the pits of the cme and joe durant and united financial telling us what brand names are the best p
fiscal cliff. and dr. francis collins with the national institutes of health. fiscal cliff. folks including today to liz hy malcolmed the month of november and the red and nasdaq and s&p close slightly higher, consumer discretionary and industrials were this month's top performing sectors, utilities and energy lagged behind. oil posting its second straight day of gains closing the trading day up 1%, $80.91 for a barrel of oil and today's gains in crude up 3% for the month of november as...
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Dec 1, 2012
12/12
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i think we will avoid the fiscal cliff. if that's the case, it's a $66 stock and you could go higher. that ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >> believe it or not, i actually used to be a mountain climber. what do you think? always had the best gear, climb up from whatever crevice or abyss faced me. this is the day when my equipment felt a little superfluous. buckle my helmet, will you? wow, am i ever ready for this baby. >> hi, jim. john jay, i don't know if anyone ever told you, but you resemble billy joel, not lennon like you showed that portrait. >> if i look like billy joel i'm done eating. done eden. that's a play on where you're from. i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make money. i'm just trying to -- without regina i'm lost. without regina i'm lost! we got some great news to report tonight. our fabulous executive producer regina had a baby girl today. we want to welcome to the world rg2. why
i think we will avoid the fiscal cliff. if that's the case, it's a $66 stock and you could go higher. that ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >> believe it or not, i actually used to be a mountain climber. what do you think? always had the best gear, climb up from whatever crevice or abyss faced me. this is the day when my equipment felt a little superfluous. buckle my helmet, will you? wow, am i ever...